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SoftBank said it will propose three new appointments to the board, including group CFO Yoshimoto Goto, at its annual general meeting on June 25.
The departure of Ma, who retired as Alibaba’s executive chairman in September, comes as he pulls back from formal business roles to focus on philanthropy.
SoftBank will also propose the election of Lip-Bu Tan, CEO of chip design software firm Cadence Design (NASDAQ:CDNS) Systems, and Yuko Kawamoto, professor at Waseda Business School, to the board.
